Business UpdateMay 22, 2026, 04:03 PM
Columbus Acquisition Corp Extends Business Combination Deadline to June 22, 2026
AI Summary
Columbus Acquisition Corp extended its deadline to complete an initial business combination by one month, from May 22, 2026, to June 22, 2026. This extension was facilitated by a $50,000 deposit into the Trust Account. The company contributed $25,000 from its working capital, with the remaining $25,000 paid by the target, WISeSat.Space Corp. An unsecured promissory note for $25,000 was issued to the target in connection with its payment, convertible into units or shares under specific conditions.
Key Highlights
- Extended business combination deadline by one month.
- New deadline set for June 22, 2026.
- Deposited $50,000 Monthly Extension Fee into Trust Account.
- Company paid $25,000 from working capital.
- WISeSat.Space Corp (Target) paid $25,000.
- Issued $25,000 unsecured promissory note to Target.
- Note convertible into private units at $10.00 or shares at $5.00.
Price Impact
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